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IFA Mortgage Fees
Hi, We are looking at buying a shared ownership house. We had approached Barclays about getting a mortgage in principal and despite speaking with them multiple times and explaining we wanted a shared ownership mortgage using a 5% deposit (as advised by the housing association) we just had a call to say the LTV can only be…
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Daily Mail article today
dailymail.co.uk/news/article-2697977/900-000-landlords-face-buy-let-tax-probe-Second-home-owners-face-investigation-concern-grows-undeclared-profits.html I was wondering what truth there is in this nugget of information from the Daily Mail today... "Tough new rules to come soon from the EU are also expected to help put the…
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pay off mortgage or not
Please can someone advise: I have 2 properties, one which is BTL and has an outstanding mortgage on it. The other is repayment and has a very small mortgage, which I am now in a position to pay off. However, I am also likely to be facing employment soon, or at best temporary work. What I would like to do is to move back…
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Remortgage confusion!
Hi all, My current 2 year fixed rate mortgage has come to an end with NatWest. I am now on their SVR, which is higher than the rate I fixed at. If I fix again with NatWest and take out one of their fixed term products, the payments each month will be less than SVR, but since taking out the deal 2 years ago I have since…
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Mortgage Arrear Charges
Hi This is my 2nd post and only joined 5 mins ago !! I have a mortgage with Salt (Derbyshire Home Loans) under umbrella of Mortgage Works & administered by Nationwide!! When I got into difficulties with Salt a few years ago I had arrear charges added to my monthly payments. At 1st listed under Arrears Admin £50 and then…
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When to see a mortgage advisor? FTB
post deleted.
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Banks that will lend to recently returned expats
Hi everyone, As the title says, anyone know of any banks that will lend to Brits that have just returned from living abroad last 4 years ? Hubs has fortunately secured a permanent contract so has 2 payslips already but other than Halifax we're not eligible anywhere else despite having a very substantial deposit 65% LTV!…
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finance for extension
Hi looking to finance an extension and I need advice. Ideally would like to raise the money through remortgage next year but unlikely to have enough equity to get the money we need. Are there any companies that will lend based on house plans or planning approval being in place against expected new value? I believe this…
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Buy To Let with no income
Hello, My friend has a second house, with no mortgage. They rent it out. They have no job, accept as a land lord for this place. They wish to remortgage but most mortgage providers need you to have an income of at least £25000, NOT including the income from the house, which my friend obviously doesn't have. Does anyone…
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Mortgage after BR
Hi All, I am looking to purchase a house soon, I was wondering how anyone had got on with obtaining a mortgage after BR? I am 4 years discharged and 5 years since BR. I was looking over nationwide's criteria for brokers online and they say they take people 1 year discharged. Has anyone else seen this or know of anyone else…
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changing mortgage advisors
Duplicate post
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Credit reports, mortgages and being generally clueless
Hi all, I am a frequent lurker but new poster and wondered if you lovely people could offer me some advice. I want to buy in to a shared ownership house, 35% for £60,000. I have a 10% deposit which is a gift from the bank of mum & dad. I am full time employed as a key worker and earn 31,000 plus over time and London…
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Got the mortgage - what protection?
(Not sure if this is the right section, so apologies if not) So we got our mortgage offer through this morning :beer: but now I've started thinking about what protection we'll need, especially with our first child on the way. My husband I are both full time teachers, both 28 years old and both pay into the TPS. Our sick…
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How does this 5yr fixed look?
Woolwich 5 year fixed at 3.79% 80% max LTV £999 fee Thanks
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Help!
Would be very grateful for advice or clarification on the following. I bought a property in Oct 2012 and took out a two year fixed rate. In August 2013 I decided to move in with my partner and I obtained from my lender a consent to let which I understand is for a maximum of two years. I am now nearing the end of my fixed…
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Should I cash in endowment to pay off debt
Hi, looking for some advice as I am going round in circles as to what to do. Basically in 1999 took out a mortgage with a joint endowment for 27,500, since then we have moved house and had a mortgage for roughly 80,000 with the endowment part included on an interest only and the rest as repayment. Over the years we have…
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Some broker advice please?
My husband and I are looking for a mortgage but we're not sure whether its worth speaking to some other brokers. We spoke to L&C yesterday and they said we should wait until my husband has a permanent contract or apply for a smaller mortgage based on my salary alone because he will be on a fixed term contract starring in…
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Guarantor Equivalents
As Guarantor Mortgages are now unavailable in the UK due to the new FCA guidelines, I am looking for an equivalent way of using my parents to get a higher mortgage price. I am looking to borrow £130k, but the most I have been offered by any provider is £121k. I therefore need a way that involves my parents agreeing to put…
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BOI or Post Office?
Hi, I've just got sale agreed on a house and need a mortgage, we own our current home outright. The LTV will be 75% and we are based in NI. Moneysupermarket suggests that the Post office is best: 1.98% then 4.49% Bank of Ireland (which provides Post Office mortgages) is: 2.09% then 4.49% I assume we should go with the Post…
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Old AA (HBOS) Debt
I had an unsecured loan which is now statute barred with the AA in 2005. A new build estate agent is encouraging me to use Halifax to apply for a mortgage. What chance is there of Halifax seeing this outstanding loan? My credit files with all 3 agencies are clean and show no trace of this old loan.
